SHANGHAI, Jan 11 - The benchmark offshore one-year non-deliverable forwards (NDFs) fell sharply to a two-month low in early trade on Monday, implying more yuan appreciation in 12 months after China posted strong foreign trade...
By Chen Yang Macao residents will soon have easier access to the yuan, the People's Bank of China said on its website Monday, citing approval from the State Council. Macao residents without yuan savings accounts will be able to buy up to 20,000 yuan ($2,928) in individual transactions, up from t...
By Cong Mu The volume of cross-border business transactions settled in the Chinese yuan has started to increase significantly, but experts fear the rising trend is unsustainable due to the de facto pegging of the currency to the US dollar. The aggregate yuan settlement amount in Shanghai alone w...
A trio of European Union financial chiefs subtly pressed China Sunday to appreciate the yuan in a warm-up meeting prior to today's China-EU summit. As the EU business community had urged China to allow the Chinese currency to appreciate faster, the yuan exchange rate was one of the major issues ...
By Wang Xinyuan The yuan faces appreciation pressure because it has missed the best time to allow floating, market analysts said. The dollar central parity rate rose to 6.828 from 6.8275, pushing the yuan down slightly against the dollar Monday, according to the State Administration of Foreign Ex...
* HSBC China PMI falls a touch in Sept to 55.0 * Dollar/yuan NDFs fall to a nearly four-month low SHANGHAI, Sept 30 - The yuan was slightly firmer against the dollar on Wednesday after...
* Yuan seen creeping higher but lagging global dollar fall * Waning pressure keeps China easy with stable yuan policy * Weakening dollar amid stable yuan benefits China's exports * Benchmark NDFs imply less yuan...
* Dlr/yuan NDFs now focus on China's stable yuan policy * They are less affected by global dollar fall * Trend seen persisting for at least another two months SHANGHAI, Sept 22 - The yuan...
BEIJING, Sept 18 - A Chinese central bank official acknowledged on Friday that the Australian dollar serves as a proxy for the yuan and tends to strengthen on bullish news about the Chinese economy, Market...
* Central bank sets yuan mid-point at near 4-month high * U.S. dollar index hovers around one-year low SHANGHAI, Sept 17 - The Chinese yuan was firm against the dollar on Thursday after China's central...